Seminar  Workshop

FASB, SEC and PCAOB Update for SEC Reporting Professionals Workshop 2017


Select a Location:

Why You Should Attend:

Using interactive lectures and examples, this Workshop delivers an in-depth update on projects, pronouncements and developments from the Financial Accounting Standards Board (FASB), the Emerging Issues Task Force (EITF), the U.S. Securities and Exchange Commission (SEC), and the Public Company Accounting Oversight Board (PCAOB).  Explore the latest FASB developments on leases, revenue recognition, statement of cash flow classification issues, financial instrument impairment and other completed, simplification and in-process projects.  Discuss practical tips on applying existing financial reporting requirements, including pushdown accounting, debt issuance costs and commitment fees, discontinued operations and dispositions, segment reporting and goodwill impairment.  Discuss the issues arising in current mergers and acquisition activities.

What You Will Learn:

  • The latest FASB developments, including:
    • The new lease accounting model in-depth and related implementation steps
    • Implementation issues for the new revenue recognition standard and the latest Transition Resource Group developments
    • Statement of cash flow classification issues
    • Other recently issued standards, including the simplification project standards
    • Practical tips on applying existing financial reporting requirements
  • Current SEC developments, including Disclosure Effectiveness and status of Dodd-Frank disclosures
  • SEC review comment letter priorities via case studies and detailed discussion
  • Current PCAOB proposals and rulemaking projects, including the auditor’s report
  • Common findings from PCAOB reviews and the potential impact on both the Independent Public Accountant and their public clients
  • Emerging issues and challenges in merger and acquisition accounting

What You Should Bring

Customize your Workshop experience by bringing your company’s or a client’s most recent SEC filings, including Forms 10-K, 10-Q, and a recent 8-K. If you are in the process of an IPO, bring a copy of your latest filing and the SEC’s most recent comment letter. If you work with a company that is not yet public, filings from a company in your industry are a reasonable alternative.

Course Materials:

Course books and presentation materials will be distributed to attendees upon arrival at the Workshop.

Who Should Attend:

This Workshop is geared for experienced SEC reporting professionals.  CFOs, controllers and their staff, internal auditors, partners of public accounting firms and their staff, attorneys specializing in SEC reporting, public company general and in-house counsel and corporate legal staffs, investor relations professionals, and others involved in the preparation and review of SEC filings will take away valuable practical information and skills necessary to succeed in the current SEC reporting environment.

Prerequisites:

SEC Reporting Skills Workshop or experience with the SEC reporting process and use of Instructions to Forms, Regulations S-K and S-X, Financial Reporting Codification and Staff Accounting Bulletins.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Section One – FASB Developments: Leases, Revenue Recognition and Other Completed and In-Process FASB Projects

9:00  Leases: New FASB Accounting Model

  • Structure of the standard – key provisions
  • All leases recorded as liabilities
  • Creation of a right of use asset
  • Initial measurement of the lease liability and right of use asset
  • Subsequent accounting after day one
  • Expense recognition – operating and financing
  • Lessor accounting


11:00  Networking Break

11:15  Revenue Recognition – Implementation Developments

  • Structure of the standard – key provisions
  • FASB projects to amend and clarify the standard
  • Transition Resource Group issues and developments
  • Practical implementation steps and issues to address


12:30  Networking Luncheon

1:00  Other Completed and In-Process FASB Projects and Practical Tips on Applying Existing Financial Reporting Requirements

  • Affordable Health Care Act
  • Discontinued operations
  • Push-down accounting
  • Segment reporting and goodwill impairment
  • Financial instruments impairment
  • Insurance accounting
  • Recent simplification projects
  • Other in-process projects
  • EITF developments


Section Two – SEC and PCAOB Developments

2:30  Networking Break

2:45  Auditing Challenges in the Current Environment

  • Understand how PCAOB developments affect public company reporting and auditing
  • Review the PCAOB’s auditor partner identification, expanded audit report and other proposals
  • Learn about auditor objectivity and independence, rotation and related issues
  • Discuss PCAOB inspection frequent comments in recent audit practice alerts and 4010 reports


3:15  SEC Reporting Developments

  • Key SEC developments for periodic and current reporting
    • Disclosure effectiveness project
    • XBRL implementation issues – Dear CFO letters and other guidance
  • Developments for new disclosures from Dodd-Frank, pay versus performance, pay ratio, clawbacks, etc.
    • Recent updates to Compliance & Disclosure Interpretations
    • Recent updates to SEC Corporation Finance’s Financial Reporting Manual
  • SEC Corporation Finance focus areas: non-accounting
    • Example comments and responses
    • Non-GAAP measures and metrics
    • Contingencies in Form 10-K Item 3
    • International operations risks and related issues
    • Consistency with other sources of company information
    • Frequent proxy comments
  • SEC watch areas in financial reporting
    • Review case studies and identify comment letter areas in the Financial Statements
    • Learn about frequent causes of restatements and areas of staff comment


4:15  Emerging Issues in Merger and Acquisition Accounting

  • How complex deals structures are affecting accounting for transactions
  • Issues in measuring consideration paid
  • Impact of complex financial instruments and non-controlling interest structures
  • Complex fair value estimates
  • Contingent consideration measurement
5:00 Adjourn

Instructor(s)
George M. Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
Dallas Area Seminar Location and Hotel Accommodations

Gaylord Texan Resort & Convention Center, 1501 Gaylord Trail, Grapevine, TX 76051.  A block of rooms has been reserved at the hotel.  Please contact reservations at 1-866-782-7897 and reference Practising Law Institute and the name of the program. 

The meeting will be held in the Mustang 1 Room.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s workshops qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

California:  SEC Institute’s workshops qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Iowa:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Kansas:  SEC Institute’s workshops qualify as “traditional” credit. There is no limit to the number of credits an attorney can earn via traditional programs.

Kentucky:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Louisiana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Maine:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Minnesota:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Mississippi:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Missouri:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Montana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Nebraska:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Nevada:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Hampshire:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Jersey:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Mexico:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys: Select transitional SEC Institute workshops can be used to fulfill the requirements for newly admitted attorneys. Please check the “Credit Information” box on the program page to ensure credit is approved. All credit categories may be earned via transitional SEC Institute workshops.

North Carolina:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

North Dakota:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Ohio:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Oklahoma:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Puerto Rico:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Rhode Island:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

South Carolina:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Tennessee:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Vermont:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s workshops qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

West Virginia:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Wisconsin:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Wyoming:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s workshops qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s workshops qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  SEC Institute’s workshops can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of points an attorney can earn via workshops.

United Kingdom (CPD-UK):  SEC Institute’s workshops can fulfill the United Kingdom’s CPD requirements.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s workshops qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE):  SEC Institute’s workshops may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at cleadministrator@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s workshops may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at cleadministrator@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s workshops may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s workshops may fulfill HR credit requirements.

Compliance Certification Board (CCB):  SEC Institute’s workshops qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via workshops.

IIEI Recertification: SEC Institute’s workshops may qualify for the Continuing Education Units (CEUs) necessary to fulfill the Certified U.S. Export Compliance Officer® (CUSECO) continuing education requirements.

Why You Should Attend:

Using interactive lectures and examples, this Workshop delivers an in-depth update on projects, pronouncements and developments from the Financial Accounting Standards Board (FASB), the Emerging Issues Task Force (EITF), the U.S. Securities and Exchange Commission (SEC), and the Public Company Accounting Oversight Board (PCAOB).  Explore the latest FASB developments on leases, revenue recognition, statement of cash flow classification issues, financial instrument impairment and other completed, simplification and in-process projects.  Discuss practical tips on applying existing financial reporting requirements, including pushdown accounting, debt issuance costs and commitment fees, discontinued operations and dispositions, segment reporting and goodwill impairment.  Discuss the issues arising in current mergers and acquisition activities.

What You Will Learn:

  • The latest FASB developments, including:
    • The new lease accounting model in-depth and related implementation steps
    • Implementation issues for the new revenue recognition standard and the latest Transition Resource Group developments
    • Statement of cash flow classification issues
    • Other recently issued standards, including the simplification project standards
    • Practical tips on applying existing financial reporting requirements
  • Current SEC developments, including Disclosure Effectiveness and status of Dodd-Frank disclosures
  • SEC review comment letter priorities via case studies and detailed discussion
  • Current PCAOB proposals and rulemaking projects, including the auditor’s report
  • Common findings from PCAOB reviews and the potential impact on both the Independent Public Accountant and their public clients
  • Emerging issues and challenges in merger and acquisition accounting

What You Should Bring

Customize your Workshop experience by bringing your company’s or a client’s most recent SEC filings, including Forms 10-K, 10-Q, and a recent 8-K. If you are in the process of an IPO, bring a copy of your latest filing and the SEC’s most recent comment letter. If you work with a company that is not yet public, filings from a company in your industry are a reasonable alternative.

Course Materials:

Course books and presentation materials will be distributed to attendees upon arrival at the Workshop.

Who Should Attend:

This Workshop is geared for experienced SEC reporting professionals.  CFOs, controllers and their staff, internal auditors, partners of public accounting firms and their staff, attorneys specializing in SEC reporting, public company general and in-house counsel and corporate legal staffs, investor relations professionals, and others involved in the preparation and review of SEC filings will take away valuable practical information and skills necessary to succeed in the current SEC reporting environment.

Prerequisites:

SEC Reporting Skills Workshop or experience with the SEC reporting process and use of Instructions to Forms, Regulations S-K and S-X, Financial Reporting Codification and Staff Accounting Bulletins.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Section One – FASB Developments: Leases, Revenue Recognition and Other Completed and In-Process FASB Projects

9:00  Leases: New FASB Accounting Model

  • Structure of the standard – key provisions
  • All leases recorded as liabilities
  • Creation of a right of use asset
  • Initial measurement of the lease liability and right of use asset
  • Subsequent accounting after day one
  • Expense recognition – operating and financing
  • Lessor accounting


11:00  Networking Break

11:15  Revenue Recognition – Implementation Developments

  • Structure of the standard – key provisions
  • FASB projects to amend and clarify the standard
  • Transition Resource Group issues and developments
  • Practical implementation steps and issues to address


12:30  Networking Luncheon

1:00  Other Completed and In-Process FASB Projects and Practical Tips on Applying Existing Financial Reporting Requirements

  • Affordable Health Care Act
  • Discontinued operations
  • Push-down accounting
  • Segment reporting and goodwill impairment
  • Financial instruments impairment
  • Insurance accounting
  • Recent simplification projects
  • Other in-process projects
  • EITF developments


Section Two – SEC and PCAOB Developments

2:30  Networking Break

2:45  Auditing Challenges in the Current Environment

  • Understand how PCAOB developments affect public company reporting and auditing
  • Review the PCAOB’s auditor partner identification, expanded audit report and other proposals
  • Learn about auditor objectivity and independence, rotation and related issues
  • Discuss PCAOB inspection frequent comments in recent audit practice alerts and 4010 reports


3:15  SEC Reporting Developments

  • Key SEC developments for periodic and current reporting
    • Disclosure effectiveness project
    • XBRL implementation issues – Dear CFO letters and other guidance
  • Developments for new disclosures from Dodd-Frank, pay versus performance, pay ratio, clawbacks, etc.
    • Recent updates to Compliance & Disclosure Interpretations
    • Recent updates to SEC Corporation Finance’s Financial Reporting Manual
  • SEC Corporation Finance focus areas: non-accounting
    • Example comments and responses
    • Non-GAAP measures and metrics
    • Contingencies in Form 10-K Item 3
    • International operations risks and related issues
    • Consistency with other sources of company information
    • Frequent proxy comments
  • SEC watch areas in financial reporting
    • Review case studies and identify comment letter areas in the Financial Statements
    • Learn about frequent causes of restatements and areas of staff comment


4:15  Emerging Issues in Merger and Acquisition Accounting

  • How complex deals structures are affecting accounting for transactions
  • Issues in measuring consideration paid
  • Impact of complex financial instruments and non-controlling interest structures
  • Complex fair value estimates
  • Contingent consideration measurement
5:00 Adjourn

Instructor(s)
George M. Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI

San Francisco Seminar Location

PLI California Center, 685 Market Street, San Francisco, California 94105. (800) 260-4754.

San Francisco Hotel Accommodations

Park Central Hotel, 50 Third Street, San Francisco, CA 94103. 415-974-6400. When calling, please mention PLI and SET#287179. In addition, you may book online at Park Central Hotel PLI.

Omni Hotel San Francisco, 500 California Street, San Francisco, CA 94104. 415-677-9494.  When calling, please mention Practising Law Institute.  You may also book online at PLI Omni Hotel 2017.

Due to high demand we recommend reserving hotel rooms as early as possible.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s workshops qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

California:  SEC Institute’s workshops qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Iowa:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Kansas:  SEC Institute’s workshops qualify as “traditional” credit. There is no limit to the number of credits an attorney can earn via traditional programs.

Kentucky:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Louisiana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Maine:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Minnesota:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Mississippi:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Missouri:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Montana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Nebraska:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Nevada:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Hampshire:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Jersey:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Mexico:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys: Select transitional SEC Institute workshops can be used to fulfill the requirements for newly admitted attorneys. Please check the “Credit Information” box on the program page to ensure credit is approved. All credit categories may be earned via transitional SEC Institute workshops.

North Carolina:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

North Dakota:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Ohio:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Oklahoma:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Puerto Rico:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Rhode Island:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

South Carolina:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Tennessee:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Vermont:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s workshops qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

West Virginia:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Wisconsin:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Wyoming:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s workshops qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s workshops qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  SEC Institute’s workshops can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of points an attorney can earn via workshops.

United Kingdom (CPD-UK):  SEC Institute’s workshops can fulfill the United Kingdom’s CPD requirements.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s workshops qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE):  SEC Institute’s workshops may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at cleadministrator@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s workshops may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at cleadministrator@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s workshops may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s workshops may fulfill HR credit requirements.

Compliance Certification Board (CCB):  SEC Institute’s workshops qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via workshops.

IIEI Recertification: SEC Institute’s workshops may qualify for the Continuing Education Units (CEUs) necessary to fulfill the Certified U.S. Export Compliance Officer® (CUSECO) continuing education requirements.

Why You Should Attend:

Using interactive lectures and examples, this Workshop delivers an in-depth update on projects, pronouncements and developments from the Financial Accounting Standards Board (FASB), the Emerging Issues Task Force (EITF), the U.S. Securities and Exchange Commission (SEC), and the Public Company Accounting Oversight Board (PCAOB).  Explore the latest FASB developments on leases, revenue recognition, statement of cash flow classification issues, financial instrument impairment and other completed, simplification and in-process projects.  Discuss practical tips on applying existing financial reporting requirements, including pushdown accounting, debt issuance costs and commitment fees, discontinued operations and dispositions, segment reporting and goodwill impairment.  Discuss the issues arising in current mergers and acquisition activities.

What You Will Learn:

  • The latest FASB developments, including:
    • The new lease accounting model in-depth and related implementation steps
    • Implementation issues for the new revenue recognition standard and the latest Transition Resource Group developments
    • Statement of cash flow classification issues
    • Other recently issued standards, including the simplification project standards
    • Practical tips on applying existing financial reporting requirements
  • Current SEC developments, including Disclosure Effectiveness and status of Dodd-Frank disclosures
  • SEC review comment letter priorities via case studies and detailed discussion
  • Current PCAOB proposals and rulemaking projects, including the auditor’s report
  • Common findings from PCAOB reviews and the potential impact on both the Independent Public Accountant and their public clients
  • Emerging issues and challenges in merger and acquisition accounting

What You Should Bring

Customize your Workshop experience by bringing your company’s or a client’s most recent SEC filings, including Forms 10-K, 10-Q, and a recent 8-K. If you are in the process of an IPO, bring a copy of your latest filing and the SEC’s most recent comment letter. If you work with a company that is not yet public, filings from a company in your industry are a reasonable alternative.

Course Materials:

Course books and presentation materials will be distributed to attendees upon arrival at the Workshop.

Who Should Attend:

This Workshop is geared for experienced SEC reporting professionals.  CFOs, controllers and their staff, internal auditors, partners of public accounting firms and their staff, attorneys specializing in SEC reporting, public company general and in-house counsel and corporate legal staffs, investor relations professionals, and others involved in the preparation and review of SEC filings will take away valuable practical information and skills necessary to succeed in the current SEC reporting environment.

Prerequisites:

SEC Reporting Skills Workshop or experience with the SEC reporting process and use of Instructions to Forms, Regulations S-K and S-X, Financial Reporting Codification and Staff Accounting Bulletins.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Section One – FASB Developments: Leases, Revenue Recognition and Other Completed and In-Process FASB Projects

9:00  Leases: New FASB Accounting Model

  • Structure of the standard – key provisions
  • All leases recorded as liabilities
  • Creation of a right of use asset
  • Initial measurement of the lease liability and right of use asset
  • Subsequent accounting after day one
  • Expense recognition – operating and financing
  • Lessor accounting


11:00  Networking Break

11:15  Revenue Recognition – Implementation Developments

  • Structure of the standard – key provisions
  • FASB projects to amend and clarify the standard
  • Transition Resource Group issues and developments
  • Practical implementation steps and issues to address


12:30  Networking Luncheon

1:00  Other Completed and In-Process FASB Projects and Practical Tips on Applying Existing Financial Reporting Requirements

  • Affordable Health Care Act
  • Discontinued operations
  • Push-down accounting
  • Segment reporting and goodwill impairment
  • Financial instruments impairment
  • Insurance accounting
  • Recent simplification projects
  • Other in-process projects
  • EITF developments


Section Two – SEC and PCAOB Developments

2:30  Networking Break

2:45  Auditing Challenges in the Current Environment

  • Understand how PCAOB developments affect public company reporting and auditing
  • Review the PCAOB’s auditor partner identification, expanded audit report and other proposals
  • Learn about auditor objectivity and independence, rotation and related issues
  • Discuss PCAOB inspection frequent comments in recent audit practice alerts and 4010 reports


3:15  SEC Reporting Developments

  • Key SEC developments for periodic and current reporting
    • Disclosure effectiveness project
    • XBRL implementation issues – Dear CFO letters and other guidance
  • Developments for new disclosures from Dodd-Frank, pay versus performance, pay ratio, clawbacks, etc.
    • Recent updates to Compliance & Disclosure Interpretations
    • Recent updates to SEC Corporation Finance’s Financial Reporting Manual
  • SEC Corporation Finance focus areas: non-accounting
    • Example comments and responses
    • Non-GAAP measures and metrics
    • Contingencies in Form 10-K Item 3
    • International operations risks and related issues
    • Consistency with other sources of company information
    • Frequent proxy comments
  • SEC watch areas in financial reporting
    • Review case studies and identify comment letter areas in the Financial Statements
    • Learn about frequent causes of restatements and areas of staff comment


4:15  Emerging Issues in Merger and Acquisition Accounting

  • How complex deals structures are affecting accounting for transactions
  • Issues in measuring consideration paid
  • Impact of complex financial instruments and non-controlling interest structures
  • Complex fair value estimates
  • Contingent consideration measurement
5:00 Adjourn

Instructor(s)
George M. Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI

New York City Seminar Location

PLI New York Center
, 1177 Avenue of the Americas, (2nd floor), entrance on 45th Street, New York, New York 10036. (800) 260-4754.

New York City Hotel Accommodations

Crowne Plaza Times Square Manhattan, 1605 Broadway (at 48th Street), New York, NY 10019 (212) 977-4000. When calling, mention Practising Law Institute. You can also make reservations online to access PLI's rates.

The Muse, 130 West 46th Street, New York, NY 10036. Please call reservations at 1-800-546-7866. When calling, please mention Practising Law Institute and rate code PLII. You can also Book Online- Kimpton.

Millennium Broadway Hotel, 145 West 44th Street, New York, NY 10036. Please call reservations at 1-800-622-5569. When calling, please mention Practising Law Institute. You can also book online.

Hyatt Times Square, 135 W. 45th Street, New York, NY 10036. For reservations, please call (646) 364-1234. When calling mention rate code CR56218 or Practising Law Institute.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s workshops qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

California:  SEC Institute’s workshops qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Iowa:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Kansas:  SEC Institute’s workshops qualify as “traditional” credit. There is no limit to the number of credits an attorney can earn via traditional programs.

Kentucky:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Louisiana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Maine:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Minnesota:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Mississippi:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Missouri:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Montana:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Nebraska:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Nevada:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Hampshire:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Jersey:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New Mexico:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys: Select transitional SEC Institute workshops can be used to fulfill the requirements for newly admitted attorneys. Please check the “Credit Information” box on the program page to ensure credit is approved. All credit categories may be earned via transitional SEC Institute workshops.

North Carolina:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

North Dakota:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Ohio:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Oklahoma:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Puerto Rico:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Rhode Island:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

South Carolina:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Tennessee:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Vermont:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s workshops qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

West Virginia:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Wisconsin:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.

Wyoming:  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of credits an attorney can earn via workshops.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s workshops qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s workshops qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  SEC Institute’s workshops can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s workshops qualify as “live” credit. There is no limit to the number of points an attorney can earn via workshops.

United Kingdom (CPD-UK):  SEC Institute’s workshops can fulfill the United Kingdom’s CPD requirements.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s workshops qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE):  SEC Institute’s workshops may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at cleadministrator@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s workshops may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at cleadministrator@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s workshops may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s workshops may fulfill HR credit requirements.

Compliance Certification Board (CCB):  SEC Institute’s workshops qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via workshops.

IIEI Recertification: SEC Institute’s workshops may qualify for the Continuing Education Units (CEUs) necessary to fulfill the Certified U.S. Export Compliance Officer® (CUSECO) continuing education requirements.

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